Simplex Solutions Inc.
CNQ : SPLX

Simplex Solutions Inc.

November 07, 2006 16:06 ET

Simplex Solutions Inc. Press Release

TORONTO, ONTARIO--(CCNMatthews - Nov. 7, 2006) - Simplex Solutions Inc. ("Simplex ") (CNQ:SPLX) announced today that it completed the issuance of an aggregate of 1,633,333 common shares out of treasury in full satisfaction of consulting fees totalling in the aggregate $98,000 for consulting services provided to the Simplex by two related parties (800,000 to Rankie Holdings Inc., a company controlled by Dan Weaver CEO/Chairman of Simplex and 833,333 to Jack McCready Holdings Inc., a company controlled by Jack McCready, a director of Simplex). All of the shares were issued for $0.06 per share.

Further details regarding the above issuances can be found in the Form 9 dated November 7, 2006 made by Simplex as part of its requirements to the Canadian Trading and Quotation System Inc. (CNQ), copies of which are available on the website for CNQ at www.cnq.ca.

About Simplex

Simplex is publicly traded in Canada on The Canadian Trading and Quotation System Inc. (Symbol: SPLX), with 47,632,270 shares outstanding.

No securities commission or other regulatory authority having jurisdiction over Simplex Solutions Inc. has approved or disapproved of the information contained herein.

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